On April 9, China Control Technology announced that the Company intends to increase its capital to Hangzhou Jiazhi Technology Co., LTD. (hereinafter referred to as “Jiazhi Technology” or the “target Company”), and the Company intends to subscribe the new registered capital of Jiazhi Technology to 58.8235.29 million yuan with its own capital of 20 million yuan. After the completion of the capital increase, the Company will hold 1.1628% of the equity of Jiazhi Technology.

EP-225F  The announcement shows that Gazhi technology mainly provides logistics intelligent products and solutions for the automation needs of manufacturing and logistics industry. Gazhi Technology has developed and applied a large number of advanced product technologies in the field of intelligent logistics robots, and has developed unmanned forklift trucks and outdoor heavy-duty robot products. The logistics scenarios covered by different products are different. In 2022, it was rated as a national specialized and special new “little giant” enterprise. At present, the company has actively developed projects in the field of robotics in domestic and foreign markets, and plans to use intelligent manufacturing upper-level software as a guide, in-depth research on AI technology, integration of a variety of robot forms, and realization of industrial application of logistics robots.

EP-225F 

Through this investment in GaZ Technology, we will jointly focus on the subdivision application of process industry, the development and landing of solutions in the field of automated logistics and warehousing, realize the synergy and complementarization with smart factory solutions, focus on the development and application of robot multi-sensor fusion technology and AI vision technology in the field of process industry, and further improve the company’s “1+2+N” strategic plan. It is an important link for the company to further create the control base, equipment base, process base and data base. In the long run, GZHI Technology has a profound accumulation of products and technologies in the robot business. Relying on a strong industrial background and customer resources, Zhongcong Technology will join hands to promote the comprehensive promotion and application of robot-related products and technologies to important process industry customers at home and abroad in the future, and further promote the combination of industry-university-research innovation and industrial scene needs. The logistics handling robot is used to realize the integration of warehousing logistics and non-standard production lines, and the SLAM technology is used to enable the improvement of central control inspection robot technology and strengthen the competitiveness of the robot field.

EP-225F  Zhongcong Technology said that this transaction is to further meet the new needs of process industry enterprise customers for smart factories, by investing in technology companies in the field of robotics, combined with advanced product technology to enable the company to expand its business in the field of intelligent logistics robots, and further enhance the company’s comprehensive competitiveness and sustainable development ability.